search our site     home > key topics > u.s./state facts   farm financial indicators This portion of the state fact sheets contain the farm income and balance sheet statements for each state for the two most current years that data are available. State Fact Sheets related briefing rooms - offer an indepth discussion synthesizing ERS research Bankruptcies Farm Income and Costs feature Assessing Farm Household Well-being—Beyond Farmers and Farm Income—The median farm household has higher income as well as higher wealth than the median nonfarm household. However, the median nonfarm self-employed household has a higher level of income than the median farm household, and a roughly-similar level of wealth. Because farm policies are often justified as correcting for differences in relative well-being, these findings indicate that the ranking of the well-being of farm households relative to nonfarm households depends not only on which well-being indicator is used but also which reference population is used. web administration: webadmin@ers.usda.gov updated: October 12, 2004  Also at ERS... latest publications (all) • Peanut Policy Change and Adjustment Under the 2002 Farm Act • Agriculture Economy Improves in 2003 • A Safety Net for Farm Households latest data products (all) • Farm Income Data • State Fact Sheets • Costs and Returns Data resources • Contact an ERS Expert • Calendar of Releases services • Receive E-mail Updates • E-mail This Page • Translate This Page

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